TLOU Energy (TLOU) Trading 10.7% Higher

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TLOU Energy Ltd (LON:TLOU) shares traded up 10.7% on Tuesday . The stock traded as high as GBX 6.37 ($0.08) and last traded at GBX 6.37 ($0.08). 962,250 shares traded hands during trading, a decline of 54% from the average session volume of 2,070,000 shares. The stock had previously closed at GBX 5.75 ($0.08).

Separately, Shore Capital restated a “house stock” rating on shares of TLOU Energy in a research note on Monday, March 18th.

The company has a market cap of $26.04 million and a P/E ratio of -9.09.

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TLOU Energy Company Profile (LON:TLOU)

Tlou Energy Limited identifies, explores, evaluates, and develops coalbed methane (CBM) natural gas resources for gas-to-power generation in Southern Africa. It holds a mining license and 10 prospecting licenses covering an area of approximately 9,300 square kilometers in the Karoo Basin, Botswana. The company owns a 100% interest in the Lesedi CBM project.

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